GHX supports industry adoption and use of global data standards. We believe that their expanded use enables greater visibility and collaboration in the healthcare supply chain. Increased standards adoption builds trust among stakeholders, improves efficiencies and leads to better patient care and improved financial performance.

Our position
An open and neutral organization, GHX does not endorse the standards of one particular body over another; however, because there is significant movement toward GS1 standards globally, GHX is supporting the healthcare community as it implements GS1 Global Location Numbers (GLNs) and Global Trade Item Numbers (GTINs) in supply chain transactions.

We’re here to help…
As the world’s largest healthcare exchange, connecting the majority of healthcare providers and suppliers in the U.S., as well as trading partners in Canada and Europe, GHX is uniquely positioned to serve as a strategic partner for global data standards enablement. Through programs, resources and service offerings focused solely on the needs of the healthcare industry, we are helping to accelerate the adoption and use of global data standards for the benefit of our members and the patients they serve.

Healthcare provider challenges		Manufacturer and distributor challenges		Industry challenges

Off-contract, maverick spend Contract overpayments Financial non-compliance Trading partner connections Low contract compliance Inaccurate item master data Price inaccuracy; price validation Invoice exceptions	Misaligned contracts Manual contract reconciliation Non-file spend Slow invoice approval, late payments Contract underutilization Invoice-to-order discrepancies Misaligned product descriptions Inability to generate EDI	High order error rates Costly inventory audits Increasing DSOs Visibility to revenue growth path Unconsolidated order channels Rebate / chargeback discrepancies Lack of competitive intelligence Conformance with global standards	Manual order processing Error-prone invoicing Limited price exception visibility Recalled field inventory Lost/expired field inventory Incorrect commission payments Unconsolidated MDM processes	Healthcare reform Escalating supply chain costs Technology adoption Supplier-provider collaboration Global standards adoption

Healthcare Industry Standards
A growing number of healthcare supply chain management professionals are making a commitment to the adoption and use of global healthcare industry standards to improve business operations, reduce costs and meet healthcare industry regulations. As more and more organizations transition to supply chain process automation, many see the adoption of data standards as a logical next step in supply chain planning.

Expanded use of a supply chain standard in healthcare―such as the use of a single data standard for product and location identification—has the potential to significantly impact supply chain logistics and patient care across the industry. Expanded use of industry standards will also enable greater healthcare industry compliance with government regulations. As a result, implementation of data standards is viewed as a necessary supply chain improvement by many.

Healthcare Supply Chain Management, Logistics, Process, Solutions and Compliance with Global Industry Standards

Healthcare has, for many reasons, been slower to adopt data standards than most industries. One factor has been the lack of consensus concerning which body of standards, for example "GS1 industry standards," would be embraced. As the industry continues to sort out these broad questions and, essentially, make choices related to data standards, the roadmap for this important goal will become clearer.

Healthcare organizations can leverage today’s technology and supply chain solutions for support of a standards implementation project. Through the collaborative efforts of all parties of the healthcare supply chain, healthcare standards is sure to be a key factor in the future.

GHX is a Healthcare Supply Chain Management firm. Our main offerings include: Supply Chain Technology, Healthcare Provider Solutions, Healthcare Supplier Solutions, Healthcare Management Software and Healthcare Business Consulting for Reducing Healthcare Costs.

Common Tags: Healthcare Supply Chain Solutions, Supply Chain Logistics, Supply Chain Process, Healthcare Industry Compliance, Health Care Supply Chain Standards, Supply Chain Improvement, Supply Chain Planning, Global Healthcare Industry Standards, Government Regulations in Healthcare, GSI Healthcare Standards

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